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ADNOC's fuel oil exports to fall by 2019 as Ruwais plant unit nears restart

Reuters  |  SINGAPORE 

By Roslan KhasawnehSINGAPORE (Reuters) - Abu Dhabi National Oil Company (ADNOC) will from 2019 reduce its exports of a type of fuel oil prized by the market as a refining feedstock, adding to tightening global supplies of the oil product, said three trade sources on Monday. Exports of straight-run fuel oil (SRFO), the residue oil left after initial crude refining, will stop next year as ADNOC has nearly finished repairs to the 127,000 barrels-per-day (bpd) residue fluid catalytic cracker (RFCC) at its Ruwais refinery that processed the SRFO into higher-value products such as gasoline and ...

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First Published: Mon, November 12 2018. 12:48 IST